Are Forex trading profitable?

Digital Rahul

Newbie
Nov 23, 2022
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4
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Forex trading can be a very profitable investment, depending on your strategy and investments. However, it is important to understand the risks involved before you start trading. Make sure to consult with an experienced financial advisor if you're interested in forex trading.
 
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Haruto

Trader
Oct 26, 2022
52
5
9
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Frankly, to be a consistent performer- a good trading skill is mandatory! And of course, good traders are making money here end of the month!
 
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Gyan Dev

Newbie
Dec 20, 2022
18
10
4
34
Without a question, the forex market is high-risk. Whether you want to earn money by swing trading forex, day trading forex, or through long-term investments, the risk and possibility for earning money from forex are both significant.

The most crucial thing to determine for yourself is whether you have a risk appetite. You must be ready to lose money because not every trade will turn a profit. Are you prepared to persevere despite a string of failures? Even the most successful traders occasionally experience losses, therefore Forex is probably not for you if you don't think you can manage it.

If you do decide to trade forex, you should give risk management some thought when developing your plan. By doing so, the risk are reduced.
 
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ezramatt

Newbie
Feb 8, 2023
1
1
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If you are an exceptionally good currency trader or a hedge fund with huge funds, forex trading might make you wealthy. However, for the typical retail trader, forex trading may be a difficult path to massive losses and even destitution rather than an easy path to riches.
 
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fargana

Active Trader
Nov 14, 2022
153
22
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I would recommend investing more than trading.
For beginners, this is a reliable way to earn your first money.

I think the best option is to mix those two approaches like invest 40% and trade with 60% of capital. Doing this way you will maximize your returns, utilize advantages and reduce drawbacks from both of them.
 
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thomas_novak

Banned
May 1, 2023
44
11
19
23
Forex trading can be a very profitable investment, depending on your strategy and investments. However, it is important to understand the risks involved before you start trading. Make sure to consult with an experienced financial advisor if you're interested in forex trading.
According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks.
 
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Chadpowell

Trader
Apr 8, 2023
84
21
24
New York
Forex trading can be a very profitable investment, depending on your strategy and investments. However, it is important to understand the risks involved before you start trading. Make sure to consult with an experienced financial advisor if you're interested in forex trading.
It is up to you!
Make a formula = Be patient + learn as long as you are alive + train on demo accounts even if you are experienced enough! + stick to and develop your strategy + Be more patient :)
 

CallahanSinclair

Active Trader
May 13, 2023
119
16
34
40
Forex trading has the potential to be financially profitable, although it is not without risk. being a successful trader and making profits depend on a variety of factors, such as one 'knowledge and skills, continuous learning , market conditions and other things. If we make an effort to fulfill the requirements for starting trading , it may be profitable for us.
 

AlexOZ

Trader
Apr 22, 2023
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9
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Trading Forex is not investing but much more akin to speculating or gambling. So if you want to part of that, you need a well tested trading plan that you believe will be profitable through a series of winning and losing trades. Then stick with it. As well as the obvious trading rules, you need to have a strict risk management plan in place with any trade. All of that is only part of the story. Probably more important is an attitude to trading- being disciplined and patient and full acceptance that we cannot predict price movements with any certainty (regardless of analysis) and you will always have losses. Truly accepting both is hard to do.
 

CallahanSinclair

Active Trader
May 13, 2023
119
16
34
40
In my opinion, if you can have a good strategy and follow all the relevant points, you can achieve success, but I don't mean dream profits, you can achieve acceptable profits.
 

fargana

Active Trader
Nov 14, 2022
153
22
29
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In my opinion, if you can have a good strategy and follow all the relevant points, you can achieve success, but I don't mean dream profits, you can achieve acceptable profits.


There is no acceptable amount of profit, it is a function of risk. High risk isn't better or worse than low risk, it's a matter of risk preference which is individual for every trader.